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The contrasting fortunes of America’s two largest technology companies were put into sharp focus last night as shares in Apple fell by 2.5 per cent and Google’s reached a record high.

At Wall Street’s close last night Apple stock, which last September topped $700 on the strength of soaring smartphone sales, was down to $419.57, while Google climbed 1.9 per cent to $821.12.

Shares in mobile phone operators in the United States are set to come under further scrutiny today after the White House said consumers should be able to unlock their smartphones, and that it would support legislation to